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The Bronx / Melrose / 10455

551 WALES AVENUE

Boro2
Block2641
Lot36
BBL2026410036
Class D7
Residential units
67
Units in total
73
Storeys
6
Year built
1929
Last alteration on file
1980
Recorded transfers
None
01

What has sold here

No transfer with a recorded consideration has been attached to this lot for 2003 onwards. That is common and it is not evidence that nothing changed hands. A building held by one owner since before 2003, a building transferred for no stated consideration, and a rental building that has simply never been sold all produce an empty record here. See how to read a sale history.

02

The building on the lot

Section through the lot

LOT 15,500 SQ FT6
Drawn from PLUTO: 6 storeys, 71,854 sq ft of building on 15,500 sq ft of lot, an average floor plate covering 77% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
15,500 sq ft
Building area
71,854 sq ft
Residential area
66,654 sq ft
Commercial area
5,200 sq ft
Office area
-
Retail area
5,200 sq ft
Buildings on the lot
1
Built floor area ratio
4.64
Residential FAR permitted
3.44
Zoning district
R7-1
03

Assessment

Assessed land value
$76,500
Assessed total value
$2,117,700
Exempt value
$0
Assessed per residential unit
$31,607

Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.

04

Classification and location

Building class
D7ELEVATOR APT; SEMI-FIREPROOF WITH STORES
Neighbourhood
Melrose
ZIP code
10455
Community district
The Bronx 1
Council district
8
Coordinates
40.813188, -73.907532
05

Other buildings in Melrose

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
645 WESTCHESTER AVENUED31,00719581-
2862 PARK AVENUED749819740-
720 WESTCHESTER AVENUED348819630-
550 CAULDWELL AVENUED347119601-
600 BERGEN AVENUERM28020180-
526A EAST 159 STREETR32651993177$335k
BROOK AVENUED725420250-
700 BROOK AVENUERM222201089$285k
2950 PARK AVENUED321619831-
556 BERGEN AVENUERM21420180-
510 EAST 156 STREETD620819781-
655 MORRIS AVENUED717620150-

Every building on file in Melrose